International/global funds led the way with net inflows of $12.7 billion, followed by corporate funds with $7 billion.
New orders for durable goods fell by a lower-than-expected 0.5% last month, according the Department of Commerce.
A Bank of America analyst has slashed earnings estimates for Lehman Bros., Goldman Sachs and Morgan Stanley.
The Conference Board Consumer Confidence Index fell to a reading of 57.2, down from 62.8 in April.
House prices continued to plunge in the first quarter, with new data revealing record declines across the country.
Whether they like it or not, advisers have become well-versed in financial manias, panics and bubbles.
A large number of small-cap funds have reopened in recent months and are drawing the attention of financial advisers.
Russia's eight-plus-year economic expansion has spread into parts of the country's consumer and retail sectors, presenting a potentially new angle for participation among financial advisers and their clients.
Creating what may be a new product category, Invesco PowerShares Capital Management LLC has launched three exchange traded funds that invest solely in other ETFs.
Faced with waves of new exchange traded products, financial advisers are at a loss as to how best to put them to work, a dilemma that is leading product providers to offer more robust educational services.
